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Southbound Stock Connect flows surge to record US$152b driven by Hong Kong’s IPO revival

Southbound Stock Connect flows surge to record US$152b driven by Hong Kong’s IPO revival
Key Points

Southbound Stock Connect flows, through which mainland Chinese investors buy Hong Kong listed shares, hit a record high in the past year, reflecting strong confidence in the city’s market on the back of a booming pipeline of initial public offerings (IPO). In the 12 months to March this year, mainland investors snapped up HK$1.19 trillion (US$151.8 billion) worth of shares in Hong Kong, according to the Securities and Futures Commission’s (SFC) annual report published on Wednesday.

Southbound Stock Connect flows, through which mainland Chinese investors buy Hong Kong listed shares, hit a record high in the past year, reflecting strong confidence in the city’s market on the back of a booming pipeline of initial public offerings (IPO). In the 12 months to March this year, mainland investors snapped up HK$1.19 trillion (US$151.8 billion) worth of shares in Hong Kong, according to the Securities and Futures Commission’s (SFC) annual report published on Wednesday. Average daily... [Image text:] JPY159.42/159.45 N/C30.66-1.100288 WHGROUP9.47
Hong Kong’s (LOCATION) IPO (ORG) Chinese (ORG) Hong Kong (LOCATION) the Securities and Futures Commission’s (ORG)
Originally published by South China Morning Post Read original →